San Francisco's Rudebusch on future of regulation
In this Fed Review, published by the Federal Reserve Bank of San Francisco, Glenn Rudebusch, a senior vice president at the central bank, discusses recent initiatives by the Fed to promote liquidity and tackle ongoing problem in credit markets.
The Federal Reserve expanded its role as a liquidity backstop not just to banks but to financial institutions that are too large or too interconnected to fail, Rudebusch argues.
"The regulatory framework to go along with this expansion is still to be
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